Burberry Share Discussion Threads

[philanderer] 31/5/2017 17:29:16

Looking very good

[philanderer] 31/5/2017 17:29:15

Looking very good

[lightningbolt] 31/5/2017 12:45:02

done that - now we're on for a new all time high.

[lightningbolt] 30/5/2017 12:10:14

now if we can clear the previous high.

[philanderer] 25/5/2017 21:19:43

L2 Report Identifies Burberry, Cartier, and Coach to have the highest Digital Competence of Luxury Brands Operating in China

[philanderer] 25/5/2017 09:01:59

At least they're consistent , and if they say it enough times , one day....


25th may Liberum sell tp 1350p

[philanderer] 23/5/2017 09:56:11

Louis Vuitton, Burberry and Tiffany to open stores at Shops at Clearfork

[philanderer] 22/5/2017 23:15:11

Luxury retailer Burberry also had a strong day after being upgraded by Credit Suisse.

The broker said the fashion house’s relocation of 300 staff to Leeds and a beauty deal with American firm Coty suggest it is really trying to cut costs.

Burberry reported a 21 per cent drop in profits for the year to April, while new chief executive Marco Gobbetti joins in July.

But Credit Suisse said these uncertainties mean the firm is unlikely to make any large deals for the time being, allowing it to continue its upward trajectory.

It raised Burberry’s price target from 1550p to 1650p, citing limited earnings risk. Shares rose 2.4 per cent, or 42p, to 1756p.


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[philanderer] 22/5/2017 11:16:38

Burberry Group: Deutsche Bank reiterates Hold with a target price of 1615p.

[philanderer] 19/5/2017 15:12:01

Nice purchase by Julie Brown :-)

[philanderer] 19/5/2017 10:28:40

Hargreaves Lansdown: Burberry has turned a corner


Efforts to turn the ship are starting to pay off at Burberry (BRBY), with Hargreaves Lansdown pointing to ‘vital signs’ picking up.

Full-year results for Burberry show sales rose 10% to £2.8 billion and profits were up 10% to £462 million, helped by currency swings in the company’s favour. However, the underlying picture is that sales and profits were down significantly as margins have been put under pressure.

However, the company has made it clear the efforts to steady the ship are working, with costs being cut by £20 million last year and another £50 million to come.

The shares were trading up 1.9%, or 31p, at £16.72 at the time of writing.

Steve Clayton, manager of the £260 million HL Select UK Shares fund, said the ‘vital signs look to be picking up at Burberry’ and ‘despite the difficulties of the last few years, cashflow has held up throughout, underlining the attractions of the stock’.

He added: ‘Luxury goods can generate high margins, selling baubles to a gilded clientele and Burberry’s long term potential seems strong.’

[philanderer] 19/5/2017 09:59:32

19th may Beaufort buy tp 1920p
19th may UBS buy tp 2050p up from 1990p
19th may S%P Global hold tp 1700p up from 1620p

[philanderer] 18/5/2017 20:52:03

Investors Chronicle:

IC TIP UPDATES:

Burberry (BRBY) sales continue to benefit from foreign exchange rates, although sales for the full year fell 2 per cent on an underlying basis.

That doesn’t necessarily reflect a poor retail environment however, as retail sales rose 3 per cent on an underlying basis. Rather, it reflects ongoing difficulties in Burberry’s wholesale and licensing divisions. Sales there dropped 14 per cent and 48 per cent respectively.

Outgoing chief executive Christopher Bailey won’t be replaced by Marco Gobbetti until July, but his closing comments claim Burberry is well positioned for future growth. More to follow, but our buy recommendation stands for now.

[philanderer] 18/5/2017 12:53:24

UBS view:


Q: How did the results compare vs expectations?
A: FY17 adjusted PBT of £462m is in line (UBSe: £460m) and DPS of 38.9p +5% y/y is slightly ahead (UBSe 38p). Net cash of £809m is significantly better (UBSe £611m).

Q: What were the most noteworthy areas in the results?
A: There is a new share buyback of £300m for FY18 (c.4% of market cap). Free cash flow generation beat through a combination of a cash inflow from working capital (including inventories -3% underlying) and lower capex from delayed spend.

Q: Has the company's outlook/guidance changed?
A: No change to underlying outlook for FY18 but the recent GBP strength impacts adj. PBT by £20m since the trading update implying consensus moves to £450m (£470m previously). Capex guided at £140m (UBSe £150m).

Q: How would we expect investors to react?
A: With FY17 PBT in line, we expect a positive response from the market to the better cash position, additional buyback and higher dividend.

RBC view:

We expect FY18 to be another year of pedestrian sales and earnings growth for Burberry, materially below sector average. Low single-digit retail LFL growth should not be enough to generate meaningful operating leverage and this should put a lid on margin expansion. Potential corporate activity and GBP changes are key risks to our thesis.

[philanderer] 18/5/2017 11:57:17

Burberry Cleans Up Its Wardrobe to Make Way for a New Chief

[philanderer] 18/5/2017 10:25:23

Burberry's profits fall amid 'challenging' US trading

[philanderer] 17/5/2017 09:06:28

oops, getting old , prelims are tomorrow.

[philanderer] 16/5/2017 10:44:52

Prelims tomorrow

[philanderer] 16/5/2017 10:04:02

16th may JP Morgan Caz neutral tp 1600p

reiterates

[philanderer] 15/5/2017 09:45:48

15th may Berenberg buy tp 1840p

reiterates

[philanderer] 14/5/2017 21:11:14

THE SUNDAY TIMES

When the Burberry chairman Sir John Peace led Standard Chartered’s board, he showed a remarkable level of indulgence to the bank’s then chief executive. We all know how that worked out.

While Peter Sands swanned around Davos delivering high-minded addresses, Standard Chartered wrote a succession of duff loans in Asia and copped a heavy fine in America for its lax money-laundering safeguards. Its shares have tumbled 60% from their 2013 highs.

Burberry investors will be praying that history does not repeat itself. But the omens are not encouraging.

For years, Peace has mollycoddled Christopher Bailey, the luxury goods maker’s creative dynamo, to an extraordinary degree. First, he handed him a £20m “golden handcuffs” pay deal. Then, in 2014, Peace installed Bailey in the chief executive’s office — left vacant by Angela Ahrendts — while allowing him to keep his creative brief.

This unusual move didn’t work out, so Peace hired a new chief executive. Former Céline head Marco Gobbetti takes charge in July

So has Peace finally shown Bailey who’s boss? Hardly. In an apparent attempt to avoid denting his ego, Bailey has been anointed president and, crucially, will report directly to his chairman, not his nominal boss, Gobbetti.
Burberry’s revival rests on a bounce in luxury goods spending and Gobbetti’s ability to navigate its complex boardroom politics. Both are questionable. Avoid

[philanderer] 12/5/2017 08:49:58

Read across from the USA retail sector with Macy's profits right down last night.

[philanderer] 11/5/2017 23:34:37

Market report:

Burberry was a big winner after a key broker said the luxury retailer’s bad days are now behind it. Credit Suisse – highly rated for its recommendation accuracy – upgraded the stock to ‘neutral’ from ‘underperform’.

It said the £100m of savings made by the firm last year have reduced earnings uncertainty.

Although it said the stock is being undervalued, it withheld more positive ratings on concerns it is unlikely to become more creative or cut further costs until November. Shares rose 1.4 per cent, or 23p, to 1648p.


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[lightningbolt] 11/5/2017 09:15:15

at least were heading in the right direction now, soon back to £18.